May 19 Shanghai rubber morning review

Crude futures closed lower on Wednesday, erasing earlier gains as a stronger dollar overshadowed strong demand for refined products such as gasoline
.
The NYMEX June contract closed down 0.
2 percent at $
48.
19 a barrel.

Spot market: the 14-year quotation of state-owned whole milk in the Shanghai market is about 10900 (+150) yuan / ton; Vietnam's 3L quotation is at 11500 (0) yuan / ton; 15 years Thailand No.
3 smoke 12300-12400 (0/+100) yuan/ton; RMB mixed rubber 10500 (-100) yuan / ton
.
Thai Hat Yai raw material market raw film 58.
28 (-0.
45) baht/kg; Tai San tobacco tablets 61.
7 (-0.
2) baht/kg; field glue 58.
5 (-0.
5) baht/kg; Cup glue 45.
5 (-0.
5) baht/kg
.
Synthetic rubber: East China Qilu petrochemical styrene-butadiene rubber 1502 market price 11200 yuan / ton (-400), cis-butadiene rubber market price 10600 yuan / ton (-100).

News side: 1.
According to data from the China Association of Automobile Manufacturers, in the first quarter of 2016, China's sales of mini trucks (including incomplete vehicles and semi-trailer tractors) were 149,300 units, an increase of 14.
33%
over the same period.
2.
In the first quarter of 2016, Japan's synthetic rubber production fell by 7.
4%.

Warehouse receipt inventory: Exchange warehouse receipts were reported at 294,340 tons, a decrease of 320 tons
.

At present, the inventory of Qingdao Free Trade Zone is still declining, although the operating rate of downstream tire factories has declined, but it is flat at the same level last year, and the sales volume of heavy trucks in April increased year-on-year and has a trend of expansion, indicating that demand is gradually picking up
.
With the successive cutting of domestic rubber production areas, the supply and demand of raw materials are tight or have eased, but due to the impact of drought, the supply of production areas has not yet increased
.